What You Need to Know About Mortgage Prepayment Penalties

12/11/2024 2 min

Listen "What You Need to Know About Mortgage Prepayment Penalties"

Episode Synopsis

Tip Tuesday, 2-4 Min Real Estate Tips

In this *Tip Tuesday* video, Dana and Ryan break down the concept of **prepayment penalties on mortgages**. They explain what prepayment penalties are, why lenders charge them, and the different scenarios where they might apply.

Tune in to learn how these penalties can impact your financial decisions if you’re considering paying off your mortgage early, refinancing, or making larger payments than scheduled. Don’t miss this quick guide to understanding prepayment penalties and protecting your financial health!

Connect with Dana: https://danawilson.exprealty.com/holp/app

Connect with Ryan: https://www.facebook.com/thegilliamteam
Tip
This is a pre-recorded video. The information given in this video and/or any of our videos is not intended to promote the buying and/or selling or abstaining from buying and/or selling of any real estate. The primary purpose of this podcast is to educate and inform on a very specific market. This information should not be construed as advice. Please consult your attorney, CPA, real estate agent, or wealth manager directly in regard to any specific sale, purchase, or financial decisions you make based on the information provided in our videos.

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